Tesla Recalls More Vehicles as NHTSA Increases Scrutiny

Tesla hires former Geico exec

Tesla is recalling nearly 579,000 vehicles in the United States because a “Boombox” function can play sounds over an external speaker, obscuring audible pedestrian warnings. It is the fourth Tesla recall announced in the last two weeks, as U.S. safety regulators tighten their grip on the country’s largest electric vehicle manufacturer. Tesla made decisions that… Continue reading Tesla Recalls More Vehicles as NHTSA Increases Scrutiny

Tesla Recalls Its New Self-Driving Technology Due to Software ‘Issues’

Tesla hires former Geico exec

U.S. electric carmaker Tesla Inc on Sunday withdrew the latest version of its full autonomous driving (FSD) software, less than a day after its launch, after users complained of false collision warnings and other problems. The setback comes at a time when Tesla is under scrutiny from authorities over the safety of its semi-autonomous driving… Continue reading Tesla Recalls Its New Self-Driving Technology Due to Software ‘Issues’

Musk Gets Almost $1 Million from Tesla to Temporarily Insure Board

D&O insurance rates not sustainable

Tesla Inc. is making a one-time payment of almost $1 million to Chief Executive Officer Elon Musk related to a controversial insurance arrangement he agreed to with the carmaker’s board earlier this year. The company is backtracking from plans to let Musk personally provide directors’ and officers’ insurance coverage for a year, as it disclosed… Continue reading Musk Gets Almost $1 Million from Tesla to Temporarily Insure Board

Tesla’s Futuristic Door Handles Blamed for Death in Fiery Wreck

Tesla shareholder settlement

The futuristic door handles on Tesla Inc.’s Model S are being blamed for a fatal crash in which a police officer was unable to pull a man to safety from his burning car. Omar Awan, a 48-year-old anesthesiologist, was driving his leased Tesla in February when he lost control on a south Florida parkway and… Continue reading Tesla’s Futuristic Door Handles Blamed for Death in Fiery Wreck

Tesla Launches Car Insurance Offering in California

Tesla announced the launch its own insurance business called Tesla Insurance in California with a promise that it can provide Tesla owners with rates up to 30% lower than other insurance companies. The electric vehicle maker said the pricing reflects Tesla’s intimate knowledge of its own vehicles as well as the vehicle’s active safety and… Continue reading Tesla Launches Car Insurance Offering in California

Tesla Plans to Sell Owners Cheaper Car Insurance

auto insurance premiums fanning inflation

Tesla Inc. is creating its own branded insurance program, a move the electric-car maker believes will enable it to offer a lower-cost product to drivers. Tesla Chief Executive Elon Musk has been working with a unit of Virginia-based Markel Corp. and another company, which hasn’t been named, to offer the branded insurance, according to Markel… Continue reading Tesla Plans to Sell Owners Cheaper Car Insurance

Tesla Insurance Product to be Fronted by Markel’s State National

According to a more than 4,000-page filing with the California Department of Insurance, Tesla’s soon to be launched insurance program for its drivers is set to be fronted by Markel Corporation subsidiary State National Insurance Company, Inc. As announced last week, it’s been reported that Tesla, the Elon Musk-led automotive and energy company, is on… Continue reading Tesla Insurance Product to be Fronted by Markel’s State National

Tesla Plans to Launch Insurance Product

Tesla is developing an insurance product, which could be launched in about a month, CEO Elon Musk said during a call with analysts Wednesday following its first-quarter earnings report. “It will be much more compelling than anything else out there,” he said. Musk didn’t provide further details on what the insurance product might look like,… Continue reading Tesla Plans to Launch Insurance Product